Market Overview

Swift Energy Hires Advisor for Potential Sale of Central Louisiana Assets

Swift Energy Company (NYSE: SFY) reported today that it has retained Scotia
Waterous (USA) Inc. as its exclusive advisor in the potential sale
of its Central Louisiana assets. The Company's Central Louisiana asset
position includes approximately 86,000 mineral acres and three producing
oil and natural gas fields: Burr Ferry, Masters Creek, and South
Bearhead Creek located in the Austin Chalk and Wilcox fairways.

The audited proved reserves estimates at year end 2012 totaled 20.4
million barrels of oil equivalent of which 65.2% were classified as oil
or natural gas liquids. The Company estimates that the resource
potential of these fields is approximately 180 million barrels of oil
equivalent.

During

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Posted-In: News Guidance Contracts Management Global

 

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